U.S. Global Jets ETF (NYSEARCA:JETS) Sets New 52-Week High – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.30 and last traded at $31.1350, with a volume of 778465 shares changing hands. The stock had previously closed at $31.16.

U.S. Global Jets ETF Price Performance

The company has a 50-day moving average of $28.70 and a 200 day moving average of $26.41. The company has a market cap of $888.63 million, a PE ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a $0.2329 dividend. The ex-dividend date was Wednesday, December 24th. This represents a dividend yield of 82.0%.

Institutional Trading of U.S. Global Jets ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JETS. Gordian Capital Singapore Pte Ltd boosted its stake in U.S. Global Jets ETF by 800,000.0% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 8,001 shares of the company’s stock worth $225,000 after buying an additional 8,000 shares during the period. Ares Financial Consulting LLC purchased a new position in shares of U.S. Global Jets ETF during the 4th quarter worth about $49,000. Private Trust Co. NA grew its holdings in U.S. Global Jets ETF by 48.1% during the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after purchasing an additional 2,403 shares during the last quarter. SG Americas Securities LLC bought a new position in U.S. Global Jets ETF during the 4th quarter valued at about $995,000. Finally, Flow Traders U.S. LLC purchased a new stake in U.S. Global Jets ETF in the 3rd quarter worth about $8,584,000.

U.S. Global Jets ETF Company Profile

The U.S. Global Jets ETF (JETS) is an exchange-traded fund that is based on the Stuttgart US Global Jets (USD) index. The fund invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines. JETS was launched on Apr 28, 2015 and is managed by US Global.